PAY Stock Analysis: Paymentus Holdings | NYSE
Software - Infrastructure | NYSE, USA | Market Cap: 2.721m USD | 12M Return: -30.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.1M
EPS Trend: 92.3%
Qual. Beats: 3
Rev. Trend: 99.5%
Warnings
Tailwinds
Seasonality 5.1 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Paymentus Holdings, Inc. (NYSE: PAY) is a cloud-based bill payment technology provider operating in the U.S. and internationally, headquartered in Charlotte, North Carolina. Founded in 2004 and listed on the NYSE in May 2021, the company is classified within the Financials sector under the GICS Transaction & Payment Processing Services sub-industry.
The company delivers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a secure, omni-channel SaaS platform. The platform accepts credit cards, debit cards, eChecks, and digital wallets, and serves a diverse client base across utilities, financial services, insurance, telecommunications, real estate management, education, consumer finance, healthcare, B2B, governments, and small businesses. As a SaaS-based processor, Paymentus typically generates revenue through recurring technology fees and per-transaction charges, a business model common among modern payment processors that shift billing and payment operations away from in-house legacy systems.
- New biller wins accelerate payment processing volume growth
- Operating leverage and take rate drive margin expansion
- Federal Reserve rate cuts compress payment float income
| Net Income: 74.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 7.67 > 1.0 |
| NWC/Revenue: 28.56% < 20% (prev 29.16%; Δ -0.60% < -1%) |
| CFO/TA 0.20 > 3% & CFO 142.1m > Net Income 74.0m |
| Net Debt (-335.5m) to EBITDA (136.8m): -2.45 < 3 |
| Current Ratio: 4.41 > 1.5 & < 3 |
| Outstanding Shares: last quarter (129.3m) vs 12m ago 0.40% < -2% |
| Gross Margin: 24.74% > 18% (prev 26.14%; Δ -1.40% > 0.5%) |
| Asset Turnover: 198.5% > 50% (prev 162.8%; Δ 35.66% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.52 (Total Current Assets 472.5m - Total Current Liabilities 107.1m) / Total Assets 698.6m |
| B: 0.26 (Retained Earnings 183.7m / Total Assets 698.6m) |
| C: 0.15 (EBIT TTM 96.6m / Avg Total Assets 644.7m) |
| D: 5.07 (Book Value of Equity 583.5m / Total Liabilities 115.1m) |
| Altman-Z'' = 10.62 = AAA |
| DSRI: 0.88 (Receivables 117.2m/100.0m, Revenue 1.28b/962.1m) |
| GMI: 1.06 (GM 26.14% / 24.74%) |
| AQI: 0.84 (AQ_t 0.31 / AQ_t-1 0.37) |
| SGI: 1.33 (Revenue 1.28b / 962.1m) |
| TATA: -0.10 (NI 74.0m - CFO 142.1m) / TA 698.6m) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of June 30, 2026, the stock is trading at USD 24.01 with a total of 1,122,907 shares traded. Over the past week, the price has changed by +11.20%, over one month by +0.82%, over three months by -6.88% and over the past year by -30.52%.
Current recommended Stop Loss: 22.70 (which is 5.5% or 1.2 ATR below the current price).
Paymentus Holdings has no consensus analysts rating.
P/E Trailing = 37.9474
P/S = 2.1261
P/B = 4.6846
Revenue TTM = 1.28b USD
EBIT TTM = 96.6m USD
EBITDA TTM = 136.8m USD
Long Term Debt = 4.25m USD (estimated: total debt 6.63m - short term 2.38m)
Short Term Debt = 2.38m USD (from shortTermDebt, last quarter)
Debt = 6.63m USD (from shortLongTermDebtTotal, last quarter) (leases 6.63m already included)
Net Debt = -335.5m USD (calculated: Debt 6.63m - CCE 342.1m)
Enterprise Value = 2.39b USD (2.72b + Debt 6.63m - CCE 342.1m)
Interest Coverage Ratio = unknown (Ebit TTM 96.6m / Interest Expense TTM 0.0)
EV/FCF = 18.03x (Enterprise Value 2.39b / FCF TTM 132.3m)
FCF Yield = 5.55% (FCF TTM 132.3m / Enterprise Value 2.39b)
FCF Margin = 10.34% (FCF TTM 132.3m / Revenue TTM 1.28b)
Net Margin = 5.79% (Net Income TTM 74.0m / Revenue TTM 1.28b)
Gross Margin = 24.74% ((Revenue TTM 1.28b - Cost of Revenue TTM 963.2m) / Revenue TTM)
Gross Margin QoQ = 24.06% (prev 25.42%)
Tobins Q-Ratio = 3.41 (Enterprise Value 2.39b / Total Assets 698.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 6.63m)
Taxrate = 23.36% (22.6m / 96.6m)
NOPAT = 74.0m (EBIT 96.6m * (1 - 23.36%))
Current Ratio = 4.41 (Total Current Assets 472.5m / Total Current Liabilities 107.1m)
Debt / Equity = 0.01 (Debt 6.63m / totalStockholderEquity, last quarter 583.5m)
Debt / EBITDA = -2.45 (Net Debt -335.5m / EBITDA 136.8m)
Debt / FCF = -2.54 (Net Debt -335.5m / FCF TTM 132.3m)
Total Stockholder Equity = 549.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.48% (Net Income 74.0m / Total Assets 698.6m)
RoE = 13.47% (Net Income TTM 74.0m / Total Stockholder Equity 549.5m)
RoCE = 17.44% (EBIT 96.6m / Capital Employed (Equity 549.5m + L.T.Debt 4.25m))
RoIC = 13.97% (NOPAT 74.0m / Invested Capital 529.9m)
WACC = 9.22% (E(2.72b)/V(2.73b) * Re(9.24%) + D(6.63m)/V(2.73b) * Rd(0.0%) * (1-Tc(0.23)))
Discount Rate = 9.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 0.98%
[DCF] Terminal Value 75.21% ; FCFF base≈106.0m ; Y1≈121.5m ; Y5≈178.9m
[DCF] Fair Price = 42.43 (EV 2.33b - Net Debt -335.5m = Equity 2.67b / Shares 62.9m; r=9.22% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 92.29 | EPS CAGR: 80.66% | SUE: 1.88 | # QB: 3
Revenue Correlation: 99.51 | Revenue CAGR: 38.50% | SUE: N/A | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.20 | Chg30d=+0.55% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=0.83 | Chg30d=+6.17% | Revisions=+64% | GrowthEPS=+25.2% | GrowthRev=+19.9%
EPS next Year (2027-12-31): EPS=1.02 | Chg30d=+1.85% | Revisions=+45% | GrowthEPS=+23.2% | GrowthRev=+18.1%
[Analyst] Revisions Ratio: +64%